PayPal builds a cryptoteam in Ireland

The global payment company PayPal is hiring a team of cryptocurrency experts. The company wants to expand its offer focused on cryptocurrencies. What cryptocurrency services does the payment giant want to expand?

PayPal and the future in cryptocurrencies

PayPal is recruiting cryptocurrency specialists at its Irish offices. The news came from the Irish daily The Irish Independent. It states that PayPal is trying to fill various positions focused on cryptocurrencies, compliance, business development or AML.

PayPal began adopting BTC late last year. In the United States, it has enabled clients to purchase BTC, ETH, BCH and LTC. At the beginning of this year expanded its services.

In March of this year, PayPal expanded its offering by allowing US customers to pay for goods or services using cryptocurrencies. The simplicity of paying for goods through cryptocurrencies on PayPal was explained by the CEO, Dan Schulman.

Dan Schulman said in April that cryptocurrency exchange exceeded all expectations in the first six months of operation. At that time, the prices of cryptocurrencies exceeded their then historical highs. The rapid intake of cryptocurrencies coincided with a massive increase in prices.

Although cryptocurrencies have dropped significantly in the last two months, Schulman remains highly optimistic. During a recent interview, he indicated that new cryptocurrency services would come in the very near future. Updates are said to be in development that will enable faster processing of payments.

Conclusion

The payment giant PayPal stated at the end of last year that it would enter this year in the sign of the adoption of cryptocurrencies. With the growing popularity of cryptocurrencies, corporate appetite for digital assets is growing. You can read the whole report under the attached link HERE.